Standard & Poor's in April continued making rating changes to public finance credits at a much higher rate than its peers, upgrading municipal credits at a rate of 18.6 upgrades for every downgrade.

From April 4 through May 1, the rating agency made 236 rating changes, according to analysis by The Bond Buyer of information obtained through Standard & Poor's Ratings Direct. Of those, 224 were upgrades compared to 12 downgrades.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.